Category Archives: Ann Arbor Market Updates

More New Listings and Sales in November

Market Update for November 2017

Both new listings and sales for Ann Arbor homes were up for the month of November. New listings entered were up 30% compared with last November, 73 vs. 56, with the average list price coming in at $500,023 vs. $443,054. The number of sales was up 12.5%, 90 vs. 80, with the average days on the market at 38, down from 48. The average sale price was $405,669 compared with $409,972 this time last year. However, when looking at the year-to-date statistics, both listings and sales are down. There were 1383 new listings entered so far this year, compared with 1473 last year, and 1057 sales compared with 1116 last year. It is a very strong seller’s market with a 2.7 month supply of homes for sale overall. The $600k – $700k and $800k – $1 million price points are balanced with only the over $1 million in a buyer’s market with a large inventory.

If the Ann Arbor real estate market stays as busy in December, we may see the gaps narrow, but the year will most likely end with less sales and listings than in 2016. Be sure to check back for the December market update after the new year. Here at The Bouma Group, Realtors we already have a lot of great listings ready to hit the market in late winter and early spring. Be the first to know, contact us today for a sneak preview to see if any are the right match for you! 734-761-3060 or info@bouma.com

Positive Increases for Ann Arbor Real Estate

The Ann Arbor Real Estate market has experienced a lot of positive increases. For the month of August, the average sale price of homes rose 13% to $438,370 from $388,986 last August. Year-to-date, we’ve seen an increase in the number of new listing entered, 1106 vs. 1087 this time last year. The total number of sales dropped to 790 from 846, but the average sale price increased about 9%, going from $396,614 to $430,483. The overall average days on the market decreased from 33 to 29. Ann Arbor remains in a seller’s market with a 3.9 month supply of homes available for sale.

Lakewood Real Estate Report – August 2017

Lakewood is a picturesque Ann Arbor neighborhood surrounded by nature, it has First Sister and Second Sister Lakes, Dolph Park, along with 57 acres of nature area, it is also close to many amenities. There are currently 3 homes listed for sale and so far this year, 9 have sold.

Hickory Pointe Real Estate Report – August 2017

Hickory Pointe is an Ann Arbor Subdivision with a great location, one of it’s greatest assets is the large clubhouse and in-ground swimming pool. There are currently 6 homes listed for sale, and so far this year, 7 have sold.

Woodcreek Real Estate Report- August 2017

Woodcreek is an Ann Arbor neighborhood located in a serene environment with rolling terrain allowing for many lots to back to wooded or common areas. The homes were built for those with a busy lifestyle and therefore have floor plans that flow. There is currently 1 home listed for sale and so far this year, 2 have sold.

Last year at Woodcreek, 5 homes sold with an average sale price of $452,600 and an average price per square foot of $164.00. The 2 homes sold this year have an ASP of $476,000, up 5%, and an A$/SF of $158.00, down 4%. To learn more about home values at Woodcreek, contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

Walnut Ridge Real Estate Report – July 2017

Walnut Ridge is a luxury Ann Arbor neighborhood, the majority of homes were built by The Toll Brothers and are set on 1/2 to 1 acre lots. There is a real feeling of community, and despite paying township taxes, the children attend Ann Arbor Schools. There is currently 1 home for sale and so far this year, 2 have sold.

Last year at Walnut Ridge, 2 homes sold with an average sale price of $807,500 and an average price per square foot of $209.000. The 2 homes sold this year have an ASP of $903,050, up 12%, and an A$/SF of $232.00, up 11%. To learn more about homes values at Walnut Ridge contact the real estate specialists with The Bouma Group at (734)761-3060 or email info@bouma.com. View more Ann Arbor neighborhoods here!

Vernon Downs Real Estate Report – July 2017

Vernon Downs is a mature Ann Arbor neighborhood that is well desired because of it’s wonderful location and the homes gorgeous features, such as, hardwood flooring and fireplaces. There are currently 3 homes listed for sale and so far this year, 9 have sold.

Riverwood Real Estate Report – August 2017

Riverwood is an Ann Arbor neighborhood with tasteful homes surrounded by nature, there are parks, creeks, trails and common areas throughout, and downtown is located only minutes away. There is currently 1 home for sale and so far this year, 4 have sold.